SMU Service Center Apparent Excess Results & Forecast

As part of our Premium level service, Steel Market Update (SMU) analyzes the service center shipment and inventory data and provides a short term forecast for carbon flat rolled steel shipments and  inventories then we use our proprietary model to determine if distributor inventories are in Apparent Excess or a Deficit situation. Our forecast also includes how we think pricing will move over the next four months. This is done through a proprietary model and the results provided are called the Service Center Apparent Excess/Deficit Forecast.

First, we want to take a moment to discuss what we did right and wrong with our previous month forecast.